# MANA-USD · catalysts, narrative & risks

**Deep-research report — K3vl4r**  
**Symbols:** MANA-USD  
**Sources:** 14  
**Published:** 2026-09-06  
**Canonical:** https://app.k3vl4r.com/research/deep-research-mana-usd-catalysts-narrative-risks-3294

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## Identity confirmation

MANA-USD is the ERC-20 utility token of **Decentraland**, an Ethereum-based 3D metaverse where users buy, develop and monetize virtual land (LAND, ERC-721 NFTs). The "-USD" is simply the quote currency. The canonical Ethereum contract is `0x0f5d2fb29fb7d3cfee444a200298f468908cc942`, and the token is also bridged to Polygon for L2 marketplace activity. Total supply is capped at ~2.19B tokens, with roughly 89% already in circulation. [[2]](https://www.ainvest.com/news/decentraland-mana-trades-multi-year-lows-metaverse-pioneer-faded-narrative-2610/)[[16]](https://cryptobriefing.com/markets/decentraland/) (Note: several of the sources below are AI-generated summaries, and some figures conflict across providers — flagged where relevant.)

## Recent catalysts (roughly July–October 2026)

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_Preview only. The complete multi-source deep-research report — full thesis, evidence, and citations — is available at https://app.k3vl4r.com/research/deep-research-mana-usd-catalysts-narrative-risks-3294 (free to sign up)._